rockhill30
TUG Member
Hello All,
I recently got rid of my timeshare through Capital Vacations Graceful Exit and thought I would share the experience for anybody thinking of doing the same. I have had a Silver Lake FL timeshare since 2009. I bought it for closing costs and picked it up just to use the 89,000 EOY RCI points. I have never actually been to Silver Lake. With the recent increase in fees, assessment, and poor financials I decided it was time to cut my losses. In recent years I have tried to sell it with no luck. I would not even give it away now unless the person wanting it understood how bad the financials are and that more MF increases and assessments are probably on the way. The process to sign the deed over was surprisingly smooth. The steps I took were:
* fill out a form on the Capital Vacations website. The website claims that somebody will contact you within 72 hours but this did not happen.
* three weeks later I received a letter telling me that I could send two checks. One for $480 to Capital Vacations to handle the process. One for approximately $1,500 to Silver Lake which was a year of maintenance fees. I thought they would ask for two years. I assume I only had to pay one year because it is an EOY timeshare.
* I mailed the checks. Three weeks later I received the deed transfer form. It needed to be signed, witnessed, and notarized.
* I completed the form as requested and mailed it back. Three days after the tracking number showed delivery Capital Vacations recorded it with the Osceola County FL clerk. I was able to access the record on the Osceola website to confirm that it was filed.
I was OK with the cost because that seems to be about the going rate for many who want to get rid of a timeshare. The owner offers to pay closing costs and the next maintenance fee.
Capital Vacation has been filing a lot of these recently. You can see them by searching the Osceola County FL website at https://officialrecords.osceolaclerk.org/browserview/.
I plan to keep my RCI account because they have some pretty good deals on extra vacations. In many cases it is a lot less expense to pay for an extra vacation compared to paying a maintenance fee and then using your points to book a week.
I may have been premature in paying money to dump it, but I have no regrets. I got great value out of the timeshare until recent years. I will still have my favorite timeshare, which is Trapp Family Guesthouses, will buy extra vacations from RCI, and will rent from others when I see a good deal.
Kevin
I recently got rid of my timeshare through Capital Vacations Graceful Exit and thought I would share the experience for anybody thinking of doing the same. I have had a Silver Lake FL timeshare since 2009. I bought it for closing costs and picked it up just to use the 89,000 EOY RCI points. I have never actually been to Silver Lake. With the recent increase in fees, assessment, and poor financials I decided it was time to cut my losses. In recent years I have tried to sell it with no luck. I would not even give it away now unless the person wanting it understood how bad the financials are and that more MF increases and assessments are probably on the way. The process to sign the deed over was surprisingly smooth. The steps I took were:
* fill out a form on the Capital Vacations website. The website claims that somebody will contact you within 72 hours but this did not happen.
* three weeks later I received a letter telling me that I could send two checks. One for $480 to Capital Vacations to handle the process. One for approximately $1,500 to Silver Lake which was a year of maintenance fees. I thought they would ask for two years. I assume I only had to pay one year because it is an EOY timeshare.
* I mailed the checks. Three weeks later I received the deed transfer form. It needed to be signed, witnessed, and notarized.
* I completed the form as requested and mailed it back. Three days after the tracking number showed delivery Capital Vacations recorded it with the Osceola County FL clerk. I was able to access the record on the Osceola website to confirm that it was filed.
I was OK with the cost because that seems to be about the going rate for many who want to get rid of a timeshare. The owner offers to pay closing costs and the next maintenance fee.
Capital Vacation has been filing a lot of these recently. You can see them by searching the Osceola County FL website at https://officialrecords.osceolaclerk.org/browserview/.
I plan to keep my RCI account because they have some pretty good deals on extra vacations. In many cases it is a lot less expense to pay for an extra vacation compared to paying a maintenance fee and then using your points to book a week.
I may have been premature in paying money to dump it, but I have no regrets. I got great value out of the timeshare until recent years. I will still have my favorite timeshare, which is Trapp Family Guesthouses, will buy extra vacations from RCI, and will rent from others when I see a good deal.
Kevin
